Australian shares slip as banks outweigh mining gains; inflation data in focus

Australian shares slid on Tuesday as losses in financials outweighed gains in mining stocks, boosted by stronger copper prices, while investors awaited quarterly inflation data for clues on the central bank’s next policy move. The S&P/ASX 200 index fell 0.3% to 8,783.00, as of 0036 GMT. The benchmark gained 0.2% on Monday. Markets are focused on Wednesday’s quarterly inflation print for clues on the Reserve Bank of Australia’s key cash rate decision next week. Swaps imply nearly a 65% chance the

NewsBeagle is a discovery engine. We show the headline, a short source-supplied summary and clear attribution. The complete reporting remains with the publisher.